Zain Group to acquire remaining 70% of IHS Kuwait Limited

Zain Group, a leading telecommunications operator operating across the Middle East and Africa, has entered into a definitive agreement to acquire IHS Holding Limited’s 70 percent interest in IHS Kuwait Limited.

IHS Kuwait Limited is an independent licensed Tower Company that owns 1,675 sites and manages an additional approximately 700 sites in Kuwait.

Under the terms of the agreement, Zain has agreed to increase its 30 percent ownership of IHS Kuwait Limited to 100 percent, at an equity value for the remaining 70 percent…